NASDAQ INDUSTRIAL INDEX - Daily - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
44%
33%
My opinion
Bearish under 9,269.36 USD
My targets
8,647.65 USD (-3.84%)
8,357.49 USD (-7.06%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NASDAQ INDUSTRIAL INDEX as long as the price remains well below 9,269.36 USD. The sellers' bearish objective is set at 8,647.65 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,357.49 USD. If there is any crossing, the next objective would be the support located at 7,720.51 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ INDUSTRIAL INDEX rating 8,992.56 USD. The price registered an increase of +0.98% on the session with the lowest point at 8,879.79 USD and the highest point at 9,021.40 USD. The deviation from the price is +1.27% for the low point and -0.32% for the high point.8,879.79
9,021.40
8,992.56
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NASDAQ INDUSTRIAL INDEX chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,357.49 | 8,647.65 | 8,912.73 | 8,992.56 | 9,269.36 | 9,741.81 | 11,219.80 |
| Change (%) | -7.06% | -3.84% | -0.89% | - | +3.08% | +8.33% | +24.77% |
| Change | -635.07 | -344.91 | -79.83 | - | +276.80 | +749.25 | +2,227.24 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,621.74 | 8,763.23 | 8,834.20 | 8,975.69 | 9,046.66 | 9,188.15 | 9,259.12 |
| Camarilla | 8,846.74 | 8,866.22 | 8,885.70 | 8,905.17 | 8,924.65 | 8,944.12 | 8,963.60 |
| Woodie | 8,586.48 | 8,745.60 | 8,798.94 | 8,958.06 | 9,011.40 | 9,170.52 | 9,223.86 |
| Fibonacci | 8,763.23 | 8,844.39 | 8,894.53 | 8,975.69 | 9,056.85 | 9,106.99 | 9,188.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,212.80 | 8,521.12 | 8,716.92 | 9,025.24 | 9,221.04 | 9,529.36 | 9,725.16 |
| Camarilla | 8,774.10 | 8,820.31 | 8,866.52 | 8,912.73 | 8,958.94 | 9,005.15 | 9,051.36 |
| Woodie | 8,156.55 | 8,492.99 | 8,660.67 | 8,997.11 | 9,164.79 | 9,501.23 | 9,668.91 |
| Fibonacci | 8,521.12 | 8,713.69 | 8,832.66 | 9,025.24 | 9,217.81 | 9,336.78 | 9,529.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,588.18 | 8,843.33 | 9,180.31 | 9,435.46 | 9,772.44 | 10,027.59 | 10,364.57 |
| Camarilla | 9,354.44 | 9,408.72 | 9,463.00 | 9,517.28 | 9,571.56 | 9,625.84 | 9,680.12 |
| Woodie | 8,629.09 | 8,863.79 | 9,221.22 | 9,455.92 | 9,813.35 | 10,048.05 | 10,405.48 |
| Fibonacci | 8,843.33 | 9,069.53 | 9,209.27 | 9,435.46 | 9,661.66 | 9,801.40 | 10,027.59 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.95 | |
| MACD (12,26,9): | -86.6800 | |
| Directional Movement: | -12.86 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 9,054.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,260.75 | |
| Elder Ray (13): | -136.25 | |
| Super Trend (3,10): | 9,285.49 | |
| Zig ZAG (10): | 8,972.69 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 24.04 | |
| TEMA (21): | 8,920.39 | |
| Williams %R (14): | -77.81 | |
| Chande Momentum Oscillator (20): | -342.42 | |
| Repulse (5,40,3): | -1.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 8.06 |
| MA7: | 8,976.06 | |
| MA20: | 9,205.09 | |
| MA50: | 9,237.03 | |
| MA100: | 8,783.76 | |
| MAexp7: | 9,014.69 | |
| MAexp20: | 9,141.44 | |
| MAexp50: | 9,109.02 | |
| MAexp100: | 8,887.43 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -2.31% | |
| Price / MA50: | -2.65% | |
| Price / MA100: | +2.38% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -1.63% | |
| Price / MAexp50: | -1.28% | |
| Price / MAexp100: | +1.18% |
Quotes :
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15 min delayed data
-
NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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